According to uSwitch, because many people received December’s pay before Christmas rather than in the final week, some households will have no choice but to default on their mortgage, council tax and household bills due to a lack of funds.…
Continue reading the "Poorest day of 2007 is January 17th, says uSwitch" »
The retail price index, compiled by the Office for National Statistics, shows that inflation rose to 4.4 per cent in December the highest level since 1991. Another indicator, the consumer price index (CPI), which excludes council tax and housing costs,…
Continue reading the "Inflation figures spark off interest rate fears" »
Users are invited to input their personal expenditures in order to obtain an estimate of how their experience of inflation is different from the official Retail Price Index (RPI). One of the reasons the ONS created the calculator was because…
Continue reading the "ONS invites public to measure personal inflation" »
The team will research and design a national service that will enable all Britons to access impartial financial advice of a high standard. When the taskforce completes its work, the government will put forward an action plan detailing how financial…
Continue reading the "Financial capability taskforce launched" »
Consumer campaigner Martin Lewis said that because December is the month when people accrue the most debt, January is the time that people start to worry about how to tackle their problem. Although one-to-one help is often not available until…
Ray Boulger, from mortgage adviser John Charcol, said that the Bank of England’s surprise decision to increase the base rate to 5.25 per cent is likely to result in a rise in the number of people falling into arrears. He…
Continue reading the "Financial “comfort zones” hit by rate rises" »
Equifax has said that following the Bank of England’s decision last week to raise interest rates by 0.25 per cent, consumers need to be better financially prepared for the year ahead. The three rises in the official cost of borrowing…
Figures from Engage Mutual Assurance show that 43 per cent of parents aged between 55 and 64 are bankrolling their offspring, with many expecting the situation to stay the same until they are 67 years old. However, parents who are…
Continue reading the "Cost of living ‘hampering financial independence’" »
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